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1 1 June 1984 In 1975, the Geneva Association made the first survey of RISK MANAGEMENT practices wi~in the European manufacturing industry~ Since then, Risk Managemen~ has been one of the main lines of our Research Programme. This bu11ttin is aimed at summarizing our initiatives in this field: it is open to contributions from any institution or company wishing to exchange information in the Risk Management secto~. L'Association de Geneve avait fait en 1975 la premi~re etude sur 1e developpemen~ du RISK MANAGEMENT dans 1 l industr;e europ.enne. Oepuis lars, 1e Risk Management est devenu une 1igne de recherche importante dans 1e programme de 1'Association de Geneve. Ce bulletin a pour but de donner un apercu de nos initiatives dans ce domaine: 11 est ouvert a toute contribution venant des organisations et compagnies d~sirant echanger de, I information dans 1e secteur du Risk Manag~~t.. "... TABtE OF CONTENTS - Risks and Ins~rance Management in the Packaged Goods Industry: Start" of a New Study 2 - Spac~ Pro~ects S~rvey and Coverage of A$S9Ciated Rl~k~ 3 - The Ri~k Managemen~ Research Programme of the Gene a Association.4 - Manag~men~ 9f Ri~k in Engine!ring (MORE) - Second International Conf~r~nce 9f the Engineering Economics Grqyp of th~ Geneva Association, L.~ndan Jun, Risk Management: Pub1ication~ of the Geneva Asso~iation 6

2 - 3 - SPACE PROJECTS SURVEY AND COVERAGE 0' ASSOCIATED RISKS In Spring 1983 t the ASSOCIATION INTERNATIONALE POUR L'ETUDE DE L1ECONOMIE DE L1ASSURANCE (in shortt the GENEVA ASSOCIATION) decided to undertake a research, concerning the space projects and the analysis of the associated risks. This study, carried out by EUROSAT SAt Geneva, has been divided into two pa rts: PART I has been devoted to an inventory of the space projects under development or definition and to the presentation of the various parties which may be involved in the damages of various natures t resulting from an incident or an accident affecting a space operation. - PART II describes the various types of risks, which may affect space projects and their implications. Typical examples of space missions of different degrees of complexity are reviewed and ' analyzed from a risk point of view. The study does not attempt to describe how the risks should be covered or have been.covered in past insurance contractst but explores a large number of situations where an element of rjsk existst against which a satellite manufacturer, a satellite system owner, a satellite system operator or a satellite system user may seek coverage in current or future missions. The results of PART I of the study have been presented during a one-day symposium by the Geneva Association on June 23rd, 1983 and are published in the series IIEtudes et Dossiers" Nr. 74,(1983). The provisional results of PART II were discussed at a second seminar-organized in Geneva, on January 25th, 1984 (s~e "Lettre d'lnformation" Nr. 92). PART II of the study is due for publication in the coming months. * * * *.*

4 - 5 - ***.*****.**.** *.* MAN AGE MEN T o F *** * ***.*.*.* * R I S K M 0 R E ; n :.** ** ****: ENG I NEE R I N G :* *********************** * June 1984 Second International Conference of the Engineering Economics Group of the Geneva Association ****************************.************************************************* The Second International Conference of ~e Association will be held at the Engineering Economics of the Geneva THE BASIL STREET HOTEL, Basil Street. london SW3, over June CONFERENCE 28 June hours hours PROGR~lE hours (next to Harrods) Conference Registration Introduction: by Julius A.S. NEAVE.. President of the Geneva Assodat1.on David Sutherland "Developments in the Education of Management to Engineering Students u : a summary of the results and proposals of the Geneva Association sponsored Survey. Dinner at the BASIL STREET HOTEL. 29 June 9.30 hours hours 1l.00hours hours hours hours hours hours Peter DORAN of Imperial Chemical Industries "The Mond Index. Morning Coffee Chris CHAPMAN and Dale COOPER, Southampton University "Risk Analysis: Testing some Prejudices. Luncheon at the :.-8.\SIl STREET HOTEl..' to R.W. HAYES. of U.M.I.S.T. "Case Studies in the Costs of Risky Projects" An open discussion on risk financing of engineering and industrial risks. Afternoon Tea M0 REin 1985 planning the 1985 conference at Glasgow College of Technology. the MaR E newsletter Conference Ends.

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